Mango Markets to Shut Down After SEC Settlement

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Name

Mango Markets to Shut Down After SEC Settlement

Description

Mango Markets will close its operations effective Jan. 13 following an SEC settlement for selling unregistered tokens.

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Publish date

12:00am, Tuesday, January 14, 2025

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Web URL

https://thedefiant.io/news/defi/mango-markets-to-shut-down-after-sec-settlement

Referenced by

Mango DAO votes to close Mango Markets DeFi marketplace

Crypto news

What Happened to Mango Markets? In October 2022, a trader known as Avraham “Avi” Eisenberg exploited the lending protocol and manipulated the price of MNGO, draining over $100 million from the DEX platform.

Crypto news

According to DefiLlama, Mango Markets’ total value locked (TVL) stands at around $6 million, representing a 97% drop from its all-time high of $210 million in Nov. 2021

Crypto news